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Raja Simhan T.E.

Chennai , July 21

THE Chennai Custom House (seaport) lost revenue of Rs 25 crore to Rs 30 crore as traffic was diverted to Tuticorin following the 10-day strike in May-June at the Chennai container terminal.

Large importers, including Toyota Kirloskar, brought their import cargo through Tuticorin and Visakhapatnam ports instead of Chennai during the strike period, said a department source.

Despite the strike, the net revenue for Customs (seaport) went up marginally to Rs 1,104.84 crore in the first quarter ended June 30 compared to Rs 1,092.60 crore in the corresponding period last year. If containers had not been diverted, the revenue collection would have increased by about 4 per cent during the first quarter over the previous corresponding period, the source said.

It may be recalled that non-management employees of Chennai Container Terminal Ltd, the private operator of the container terminal, went on strike from May 23 demanding increased wages. This brought container operations in the port to a standstill. Large manufacturing firms that work on just in time (JIT) and maintain limited inventory were badly affected and their import cargo was stuck either inside the terminal or at transhipment ports of Singapore, Port Klang and Colombo, the source said.

The value of imports through Chennai Customs (seaport) in the first three months of the current fiscal was Rs 8,562 crore (Rs 7,353 crore), a 16.44 per cent increase.

During the first quarter of 2004-05, revenue from Hyundai Motor India, which has a car manufacturing facility at Sriperumbudur near Chennai, increased to Rs 184.43 crore (Rs 109.11 crore). Revenue from Chennai Petroleum Corporation Ltd was Rs 149.2 crore (Rs 116.33 crore). However, revenue from Toyota Kirloskar for the department reduced to Rs 64.98 crore (Rs 84.07 crore), the source said.

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